The bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.
Powell helps Trump Trade War
He didn’t do much, but Powell genuflected in Trump’s direction, giving him a nudge where he needed it in trade. Powell’s congressional comments today helped Trump out a little with his trade-deficit problem by causing the dollar to plunge in value:
Read the rest here: The Great Recession